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Short And Long Term Causes Of The Great Depression

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When a person hears the word “The Great Depression,” almost everyone thinks the worst economic times in the United States. The Great Depression started in the late 1920’s and continued till the early 1930’s. It was the most worldwide economic down spiral in history. It remains the most important economic event in America history still today. This tragic event caused hardship for millions of people and the failure for many businesses, banks, and farmers. There were many factors and long term causes that development in this tragic event. In 1929 the stock market crashed, triggering the worst depression ever in history. The economy was collapsing and United States was being to enter The Great Depression.
When the Great Depression hit it was terrible period, and many people struggled to get by. A lot of folks already borrowed money from the banks to purchase their stocks, now that the stock market crashed the …show more content…

Hebert Hoover appeared as a well fitted to sustain the Nation’s affluence, unlike the conservative ways of Harding and Coolidge. Hoover social and political philosophy reflected his engineering background. He seemed ideal to become a president, due to the new technological age. Hoover was more a promising candidate then Harding or Coolidge. Hoover came with more ideas on the problems that the United States was up against; like the Great Depression.
5. There are many factor that cause the Great Depression. The overproduction of too many people being layoff, due to the factories going out of business. There was a crisis in the farming after the war deflationary and the prices dropping, with reduced demand on the same supply. People’s homes where foreclosing due to not be about to pay them. The banks where going bankrupt due to many loans they gave out. The stock market started to crash because people started to borrow money they invested to survive. Depression was a very hard time but it took all these other factor to cause the Great Depression to

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THE GREAT DEPRESSION 1929 was the start of the deepest and darkest time for the United States Stock Market and the people of the United States. The Market crash, the loss of American jobs and homes, lead to one of the hardest downfalls in American history. Along with billions of dollars lost due to bad stock trading, over extending on personal credit and the spending of money that had yet to be produced. The American people never stood a chance and in a matter of 10 days the lives of almost everyone changed. In 1928 Herbert Hoover was elected as president.

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Many lost their jobs. Businesses were shutting down, Farmers were not able to grow their produce. Although there were several factors that came together to cause the Great Depression, the three main causes were buying on credit, stock market crash, and overproduction. Buying on credit helped cause the Great Depression because many Americans would buy goods that they cannot afford off installment buying. Installment buying is when you purchase a item with payments.

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The great depression in the US, which began in 1929, and ended in 1938 was caused by many different things all happening at the same time in the economy. The wall street crash in October 1929 was one of the main causes, when the stock markets crashed. This was caused by many things, but the main reason for it was a deflation (which is an event where the general level of prices in an economy are reduced) On October 24th (black Thursday), share prices dropped by 14 billion dollars in a day, and more than 30 billion in a week. This forced many of the banks to close, due to them investing their client’s savings in the stock market.

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Herbert Hoover’s Presidency Herbert Hoover, the thirty-first president of the United States was very disappointing according to many people. Hoover had a significant impact on World War 1. For example, during World War 1, he organized a peace army that saved 350 million lives from starvation and disease. This is one of the many reasons why people chose Hoover to become the president. Herbert Hoover had a disappointing presidency because he did not overcome the Great Depression and the Stock Market Crash during his presidency.

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Mustafa Salkic Ms. Barton ELA 2, 1st hour 8/27/15 The Great Depression The great depression was one of the worst things ever witnessed in this country. So what caused all of this

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The circle would then be complete, for there was no apparent way of checking this downward spiral after it had been set in motion.” The first source said that when one bank goes down, it leads other banks to do the same thing. A lot of banks lent money to stock market speculation and went out of business overnight because of the stock market crash. As the banks fell, so did all of the money that was deposited. The second source says that when people were ‘compelled’ to sell more stocks on the market, you couldn’t check if the market was going down, and a lot of people who were selling stocks lost

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Imagine it's October 28, 1929, living a lavish lifestyle, owning a mansion, sailing on a 100 foot yacht every weekend, and having what seems like unlimited money that can be spent on anything at anytime. Then, all of a sudden, October 29, 1929 comes. The stock market crashes, banks are closing everywhere, and personal possessions are being foreclosed upon. The greatest economic downfall in the history of the United States has just began. This would become known as the Great Depression, which suited the time period between 1929 and 1941 perfectly.

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The Great Depression was an economic crisis in the United States from 1929-1941. The Stock Market Crash was one of the primary reasons that caused the Great Depression. The Stock Market Crash was caused by too many people withdrawing their money from banks at the same time. This happened because they heard that banks were going to close and they didn’t want to lose their money because of that. Banks needed people’s money to use for investments and since they didn’t have any, banks began to close.

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Did you know the Great Depression was the deepest and longest economic downturn in the history of the western industrialized world?The lowest point for America where the economy was at a severe downfall. The Great Depression started on October 29,1929, ended in 1939.How America was able to overcome the Great Depression was because of World War II and big government military spending that finally broke the depression’s back (Doc.5). In these hard times for America it; was able to sustain itself over the downslide of falling stock prices and when the stock market crashed. The Great depression was one the most difficult time for Americans where there were people in severe poverty and often jobless. The causes of the Great Depression was speculation,

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At an earlier age, we were taught that the Great Depression was an effect of the stock market crash in 1929. Since then we have learned that the stock market crash was one of many causes of the Great Depression. When the stock market crashed, it scared everyone into a panic. The stock prices decreased which caused people and businesses to lose their money. Seeing how the economy was so shaky, people began to lose confidence.

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The Great Depression The Great Depression was by far one of the worst times of America’s history, and the world’s history. The Depression affected everyone except for the politicians and the wealthy. During the depression a lot of people lost their jobs which caused the unemployment rate to sky rocket to 14% of America’s population was unemployed, and the number would stay their till World War 2, and the depression started in the 1920’s. Middle class workers were hit the hardest in the depression. Most of the middle class citizens lost their jobs.

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So when the market high, everyone pulls out to make money and pay off loans, it sends the market

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The Great Depression was caused by speculation and installment buying, income maldistribution, and overproduction because each of these factors combined made the economy worse before and after the stock market crash, which led to The Great Depression. Speculation and installment buying helped caused The Great Depression because people were buying so much stuff on credit, when

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There were a variety of causes that caused the Great Depression, but the main cause that started it was a decrease in spending. This led to production decrease because manufacturers and merchandisers did not want to have unused items just sitting on the shelves. In October of 1929 the stock market crashed. The United States stock prices had reached levels that could not be justified by sensible predictions of future earnings. The results of this were catastrophic.

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The first cause of Great Depression was bank failure. It was one of the main causes of the Great Depression. Throughout the 1930s over 9000 banks failed. In 1920s there were a lot of banks.

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